Australian explosives maker Orica jumps most in a year on robust outlook, first half

ORICA

07/05/2026 03:13

Updates

** Shares of Australian explosives maker Orica ORI.AX rise as much as 7.6% to A$22.510, marking their biggest intraday gain in a year and hitting their highest since March 9

** Stock last up 5.7% at A$22.105, among top gainers in the ASX200 benchmark index .AXJO
** Co posts 1H26 underlying net income of A$283.1 million ($204.79 million), 8% higher than last year and above the VA consensus of A$269.8 million
** Statutory net loss narrows to A$0.6 million from A$89 million loss last year
** Co says FY underlying EBIT expected to increase across all segments and regions; adds there are no immediate material constraints related to the MidEast conflict

** "Solid result in an uncertain operating environment" - UBS
** ORI down 13.8% this year, as of last close

($1 = 1.3824 Australian dollars)

 (Reporting by Sameer Manekar & Rajasik Mukherjee in Bengaluru)

 ((Sameer.Manekar@thomsonreuters.com;))